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Flexituff International IPO is a book build issue of ₹104.63 crores. The issue is a combination of fresh issue of 0.45 crore shares aggregating to ₹69.75 crores and offer for sale of 0.23 crore shares aggregating to ₹34.88 crores.
Flexituff International IPO bidding started from Sep 29, 2011 and ended on Oct 5, 2011. The shares got listed on BSE, NSE on Oct 19, 2011.
Flexituff International IPO price band is set at ₹155.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,800 (40 shares). The lot size investment for sNII is 33 lots (1,320 shares), amounting to ₹2,04,600, and for bNII, it is 162 lots (6,480 shares), amounting to ₹10,04,400.
Collins Stewart Inga Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Flexituff International IPO RHP for detailed Information.
| IPO Date | September 29, 2011 to October 5, 2011 |
| Listing Date | October 19, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹145 to ₹155 per share |
| Issue Price Final | ₹155 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 67,50,000 shares (aggregating up to ₹104.63 Cr) |
| Fresh Issue | 45,00,000 shares (aggregating up to ₹69.75 Cr) |
| Offer for Sale | 22,50,000 shares of ₹10 (aggregating up to ₹34.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,72,12,110 shares |
| Share Holding Post Issue | 2,17,12,110 shares |
Flexituff IPO offers total 67,50,000 shares. Out of which 33,75,000 (50.00%) allocated to QIB, 10,12,500 (15.00%) allocated to NII, 23,62,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 33,75,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 10,12,500 (15.00%) | NA |
| Retail Shares Offered | 23,62,500 (35.00%) | 59,062 |
| Total Shares Offered | 67,50,000 (100.00%) |
Flexituff International IPO opens on September 29, 2011, and closes on October 5, 2011.
| IPO Open Date | Thu, Sep 29, 2011 |
| IPO Close Date | Wed, Oct 5, 2011 |
| Tentative Listing Date | Wed, Oct 19, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 5, 2011 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,200 |
| Retail (Max) | 32 | 1,280 | ₹1,98,400 |
| S-HNI (Min) | 33 | 1,320 | ₹2,04,600 |
| S-HNI (Max) | 161 | 6,440 | ₹9,98,200 |
| B-HNI (Min) | 162 | 6,480 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1966 as Saurabh Potteries & Ceramics, Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.
Company has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand). Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic.
Flexituff International have a Research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments.
Company received 4 Top Exporter Awards from Ministry of Commerce for exporting FIBC and woven products from India in recent years. Check out Presentation for Investors by Flexituff International.
The Company Flexituff IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion of manufacturing facilities at SEZ and DTA units at Pithampur | 18.93 |
| 2 | Setting up of Dripper Project at Kashipur | 8.10 |
| 3 | Working capital requirements | 25.00 |
| 4 | General corporate purposes | 11.24 |
[Dilip Davda] <p><strong>Apply for medium to long term returns.</strong> </p> Read detail review...
CARE has assigned an IPO Grade 3 to Flexituff International IPO. This means as per CARE, company has ' Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Flexituff International IPO Report
| Listing Date | October 19, 2011 |
| BSE Script Code | 533638 |
| NSE Symbol | FLEXITUFF |
| ISIN | INE060J01017 |
| Final Issue Price | ₹155 per share |
| BSE Listing Group | T |
Flexituff International Ltd.
2nd floor, Main Building,
19, R.N. Mukherjee Road,
Kolkata 700 001, West Bengal
Kolkata, West Bengal
Phone: +91 33 40053995
Email: investors@flexituff.com
Website: http://www.flexituff.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: flexituff.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Flexituff International IPO is a main-board IPO of 67,50,000 equity shares of the face value of ₹10 aggregating up to ₹104.63 Crores. The issue is priced at ₹155 per share. The minimum order quantity is 40.
The IPO opens on September 29, 2011, and closes on October 5, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Flexituff International IPO using UPI as a payment gateway. Zerodha customers can apply in Flexituff International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Flexituff International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Flexituff International IPO opens on September 29, 2011 and closes on October 5, 2011.
Flexituff International IPO lot size is 40, and the minimum amount required for application is ₹6,200.
You can apply in Flexituff International IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Flexituff International IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Flexituff International IPO allotment status.
The Flexituff International IPO listing date is on Wednesday, October 19, 2011.
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